
DISTRIBUTION POLICY
DISTRIBUTION POLICY
The Board has adopted a progressive dividend policy of paying 25%-50% of Pre-Tax Operating Profit, which balances reinvestment in our business and growing a dividend to shareholders, while minimising the need to raise external capital. While we are in growth mode, we believe it is in the best interests of the Group to create long term shareholder value by using our internally generated capital to invest at high rates of return to build our future and scale our business.
Dividends will normally be paid twice a year.
Interim: announced with half year results and paid in June
Final: announced with full year results and paid in October
A more detailed explanation of our future dividend plans is included in our 2021 Results Announcement. To read the announcement please click here.
For previous distribution details please see below.
Distribution History
Financial Year Ended 31 December | Final / Interim | Amount of distribution per ordinary share |
---|---|---|
2020 | Final | 0.2p |
2020 | Interim | 3.8p |
2019 | Final | 1 ordinary share for every 22 ordinary shares held |
2019 | Interim | 3.8p |
2018 | Final | 5.6p |
2018 | Interim | 3.6p |
2017 | Final | 5.4p |
2017 | Interim | 3.5p |
2016 | Final | 5.2p |
2016 | Interim | 3.4p |
2015 | Final | 5.0p |
2015 | Interim | 3.4p |
2014 | Final | 5.0p |
2014 | Interim | 3.4p |
2013 | Final | 5.0p |
2013 | Interim | 3.4p |